SHORT IDEA HEAD AND SHOULDERS

Aug 27, 2024

Floki has already broken down from a HS pattern and is now back for the retest. The daily 200ma is a good invalidation entry on the short and is testing the lower time frame bearish HS structure it originally broke down from. Daily closes over the 200ma invalidate. Could be a good bearish trend trade.

Aug 28, 2024

Note

After looking at this more closely, I need more information when it reaches that zone. The measured move of this break takes it back up to the macro highs. Could short squeeze. Careful.